Founded in 2019, YouKuai aims to reshape the global plant-based cuisine landscapeYouKuai Group International announces the completion of its $7.3 million A-round financing, led by TRIREC, a Singapore-based investment firm that focuses on decarbonization-related technologies and businesses globally t...
Dada Group is a leading platform of local on-demand retail and delivery in ChinaChina’s leading local on-demand delivery and retail platform has announced that its on-demand retail platform, JDDJ (JD Daojia) has partnered with Yili SATINE and Jinlingguan, Haday, CR NG FUNG, as well as Shanghai E-C...
In 2021, they will introduce Theme Village to inspire the emerging areas in the food and beverage industryIn 2021, SIAL China will once again be held in Shanghai New International Expo Center (SNIEC) from 18th to 20th May 2021.
An inspiring 2,200 exhibitors and 90,763 professionals attended...
The transaction resulted in total gross proceeds of HKD 15.4 billion, representing c. €1.6 billionDanone has finalized the strategic sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited, which was originally announced on May 12, 2021.
The transaction resulted in total gros...
Announces a new distribution agreement with RoquetteAzelis has increased the scope of its distribution agreement with Roquette for their food product range in China. Azelis has a long-standing relationship with Roquette and this new partnership strengthens Azelis’ lateral value chain and expan...
Researchers installed sensors at several key sites on the stem of watermelon and observed the distribution of waterRecently, a wearable electronic sensor for plants has been jointly developed by LIU Xiangjiang and YING Yibin from the College of Biosystems Engineering and Foo...
Beyond Meat becomes the first multinational company focused solely on plant-based meat production to open its own production facility in ChinaBeyond Meat, Inc., a global plant-based protein company, has announced the grand opening of its new state-of-the-art manufacturing facility in the Jiaxing Eco...
Enter into an agreement that will lead to the formation of a joint ventureEvoca SpA and Guangzhou Macas Electronic Technology Company Limited (Macas) have announced that they have entered into an agreement that will lead to the formation of a joint venture (JV).
The objective of the JV is to establ...
It will further enhance Yum China’s supply chain capabilities and cold chain logistics serviceYum China Holdings, Inc. has announced the establishment of its Southwest Supply Chain Support Center in Chengdu’s Chongzhou district during a groundbreaking ceremony.
The Southwest Supply Ch...
The facility is expected to add approximately 280 full-time positionsUS based Lamb Weston Holdings, Inc. has announced an expansion of french fry processing capacity in China and the declaration of its quarterly dividend.
“The french fry category is poised for growth globally, and China conti...
Healthy Height’s new flagship store on Tmall Global gives Chinese consumers access to clinically tested protein shakes for childrenNutritional Growth Solutions, Ltd. (NGS), a public company traded in the Australian Stock Exchange, is expanding international activities for its Healthy Height protei...
Mengniu is a leading Chinese manufacturing and distribution company of dairy productsAs part of its ongoing portfolio review, Danone has announced that it has reached an agreement with COFCO Dairy Investments Limited (CDI), to convert Danone&rsq...
The remaining 33% will be acquired by Brenntag by end of 2024Brenntag, the global market leader in chemical and ingredients distribution, has signed an agreement to acquire the majority of Zhongbai Xingye Food Technology (Beijing) Co., Ltd starting with a 67% stake valued at an Enterprise Value of a...
Wuhai enjoys the reputation of the land of grapesMore than 30 kinds of Wuhai products were on display in the 18th China International Agricultural Products Fair and the 2nd Western China (Chongqing) International Agricultural Products Fair held recently, according to Wuhai City Publicity D...
GS1 HK Launches Trusted FoodNet to Promote Information Visibility
The 6th Food Safety Forum organised by GS1 Hong Kong concluded its online live programme on Jan 15, 2021. Themed "The Power for Food Safety", the Forum aimed to explore ways to capitalise on innovation and technology a...
China’s conventional egg patty will be replaced with JUST Egg’s pre-bakedEat Just, Inc., a company that applies cutting-edge science and technology to create healthier, more sustainable foods, has announced that Dicos, one of China’s leading fast-food chains, has added the award-winning JU...
Hong Kong exports expected to grow 5% in 2021The HKTDC Export Index, published by the Hong Kong Trade Development Council (HKTDC), increased further in the fourth quarter of 2020. The index has now risen for three consecutive quarters - rebounding from a record low of 16.0 to 36.2 - revealing a grad...
The deal covers all of Yinlu’s operations, including its five factories in Fujian, Anhui, Hubei, Shandong and SichuanNestlé has announced that it has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd. The deal covers all of Yinlu’s ope...
